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Failing to utilize tax loss harvesting is one of the biggest mistakes people can make on their tax returns, according to the head of tax at Koinly. Go to Source Powered by WPeMatico
Finland and Australia had the highest proportion of tax-paying crypto investors, while the United States ranked 10th on the list, according to the study. Go to Source Powered by WPeMatico
A spokesperson for Australian Treasurer Jim Chalmers said they are closely monitoring the fallout from FTX’s collapse. Go to Source Powered by WPeMatico
Earning an income from play-to-earns is “complicated” without tax guidance, advises Australian crypto tax specialists. Go to Source Powered by WPeMatico
The company says it’s planning to continue operations throughout the restructuring process, though withdrawals will continue to be paused at this time. Go to Source Powered by WPeMatico
“If you’ve made a sale during the tax year, and you’ve sold at a loss, there’s basically a benefit there,” says Koinly’s head of tax. Go to Source Powered by WPeMatico
